Food Safety Testing Market Overview
The Food Safety Testing Market research report reveals the development of the market segments. Analysts have segmented the market based on product, application, end-users, and geography. Each segment of the global market has been studied with in-depth insight. In addition, analysts have evaluated the changing nature of the market segments, growing investments in manufacturing activities, and product innovation that isFurthermore, the likely to impact them.
The global Food Safety Testing Market size is projected to reach a CAGR of 8.1% from 2023-2030.
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Food safety is a crucial concern for the food manufacturing, retail, and hospitality industries. Productivity is influenced by food quality and hygiene. Both purposeful and inadvertent adulteration have grown high-tech in recent years, and all testing facilities can assist in detecting these food adulterants.
The rise in the use of preservatives in beverages will create new market opportunities during the forecast period. The increased use of preservatives in beverages to extend their shelf life is projected to increase the use of safety procedures. To meet demand, manufacturers are focused on assuring the quality and shelf-life of beverages such as energy drinks, soft drinks, and fruit juices. The increasing consumption and production of meat products and technological advancement will boost new market opportunities for the market's growth rate. Moreover, a rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.
On the other hand, the market is projected to be hampered by a lack of effective regulatory rules for selling and cultivating genetically modified organisms (GMO) food products. Furthermore, different regions have distinct trading rules for food and agricultural items. This is projected to stifle market expansion.
The onset of the novel COVID-19 pandemic is expected to have a minor impact on the overall state of the global food safety testing market. However, routine surveillance of food facilities and farms has been postponed in several regions of the world due to the ongoing COVID-19 pandemic following which the demand for a range of food products has experienced a slight decline. However, although the retail supply chain has remained unaffected by the COVID-19 pandemic, the production of several food and beverages has witnessed a drastic decline in several regions.
Delvens Industry Expert's Standpoint
The application of preservatives to enhance the longevity of beverages is expected to prompt the implementation of safety protocols. An upswing in the manufacturing and consumption of meat products and the latest advancements in technology will create more prospects for market expansion. The food manufacturing, retail, and hospitality sectors consider food safety to be an essential matter. The quality and hygiene of food products affect productivity. The industry needs to make sure the food products are safe, hygienic, and have superior quality to boost growth.
The forecast period anticipates new market opportunities due to the increasing use of preservatives in beverages, which are aimed to extend their shelf life. As a result, safety procedures are projected to become more prevalent as a means of addressing this trend.
Food Safety Testing Market Key Findings
· Food safety is a crucial concern for the food manufacturing, retail, and hospitality industries. Productivity is influenced by food quality and hygiene. Both purposeful and inadvertent adulteration have grown high-tech in recent years, and all testing facilities can assist in detecting these food adulterants.
· The rise in the use of preservatives in beverages will create new market opportunities during the forecast period. The increased use of preservatives in beverages to extend their shelf life is projected to increase the use of safety procedures. To meet demand, manufacturers are focused on assuring the quality and shelf-life of beverages such as energy drinks, soft drinks, and fruit juices. The increasing consumption and production of meat products and technological advancement will boost new market opportunities for the market's growth rate. Moreover, a rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.
· The onset of the novel COVID-19 pandemic is expected to have a minor impact on the overall state of the global food safety testing market. However, routine surveillance of food facilities and sfarms has been postponed in several regions of the world due to the ongoing COVID-19 pandemic following which the demand for a range of food products has experienced a slight decline. However, although the retail supply chain has remained unaffected by the COVID-19 pandemic, the production of several food and beverages has witnessed a drastic decline in several regions.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. APAC is projected to account for the highest CAGR in the Food safety testing market during the forecast period. The Asia Pacific food safety market is growing owing to the implementation of stringent rules and regulations regarding food. Governments have put different regulations in place for consumers, producers, and regulators. The market growth in this region is largely driven by rising demand for processed food in emerging and developing nations like India, China, Indonesia, and Thailand, as well as an increase in poisoning outbreaks caused by the consumption of contaminated meat and a rise in cases of food degradation like contamination, pesticides, and artificial flavoring.
Food Safety Testing Market Regional Analysis
Asia Pacific to Dominate the Market
· APAC is projected to account for the highest CAGR in the Food safety testing market during the forecast period.
· The Asia Pacific food safety market is growing owing to the implementation of stringent rules and regulations regarding food. Governments have put different regulations in place for consumers, producers, and regulators. The market growth in this region is largely driven by rising demand for processed food in emerging and developing nations like India, China, Indonesia, and Thailand, as well as an increase in poisoning outbreaks caused by the consumption of contaminated meat and a rise in cases of food degradation like contamination, pesticides, and artificial flavoring.
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Food Safety Testing Market Competitive Landscape
· Thermo Fischer Scientific Inc.
· UL LLC
· EMSL Analytical Inc.
· Microbac Laboratories, Inc.
· Silliker, Inc.
· Covance Inc.
· Intertek Group Plc.
· SGS SA
· Bureau Veritas S.A.
· Eurofins Scientific SE
· The SOCOTEC Group
· International Laboratory Services
· ALS Limited
· AsureQuality Limited
· DTS Food Laboratories
· Aspirata
· Symbio
Recent Developments in The Food Safety Testing Market
· In July 2021, Intertek Group plc acquired Brazil-based JLA Brasil Laboratório de Análises de Alimentos S.A. ('JLA'), one of the leading providers of food, agriculture, and environmental testing solutions based in Brazil. This acquisition will help Intertek to enhance its food safety testing service portfolio for Brazilian customers.
· In May 2021, Eurofins Scientific acquired UK-based Eurofins Scientific Alliance Technical Laboratories (ATL) Ltd. This acquisition is to enhance the company’s food, water, and feed testing service facility in the UK.
Reasons to Acquire Food Safety Testing Market Report
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for Food Safety Testing Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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